City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

Sounds like Milan have been shafted since UEFA made out they were going to flex FFP to
Increase the investment in the major Italian teams. Que sera
 
Tim of the Oak said:
Sounds like Milan have been shafted since UEFA made out they were going to flex FFP to
Increase the investment in the major Italian teams. Que sera
Click to expand...

Milan got told to put a plan in place. Their plan was shit, they owe millions in short term debt they can' afford to repay and screw them
 
Not so long ago the Milan clubs were the richest and most successful clubs in the world with rich patronage. Add Juventus, sponsored by FIAT then these top Italian clubs know all about "financial doping" that went beyond investing in Serie A. They couldn't keep up and were found out so resorted to changing the rules for others through FFP. Now they are miles behind City. Unthinkable for them.
 
spiny said:
Not so long ago the Milan clubs were the richest and most successful clubs in the world with rich patronage. Add Juventus, sponsored by FIAT then these top Italian clubs know all about "financial doping" that went beyond investing in Serie A. They couldn't keep up and were found out so resorted to changing the rules for others through FFP. Now they are miles behind City. Unthinkable for them.
Click to expand...
do not underestimate the good job maureen did at bankrupting them here`s hoping he does the same job at utd
 
Looks like we have borrowed (what can only be assumed to be a very large sum) from Barclays Bank Plc, and as security for the loan Barclays have the right to retain our 2018/19 premier league income as security IF we were to default on the loan.

Unfortunately it doesn't give any details regarding the amount of loan or its purpose. Interesting....looks like His Royal Highness didn't want to cover this one though?
 
bluecityste said:
Looks like we have borrowed (what can only be assumed to be a very large sum) from Barclays Bank Plc, and as security for the loan Barclays have the right to retain our 2018/19 premier league income as security IF we were to default on the loan.

Unfortunately it doesn't give any details regarding the amount of loan or its purpose. Interesting....looks like His Royal Highness didn't want to cover this one though?
Click to expand...

Just our TV money - a huge sum. There's a charge set against it for the loan.
 
This is very strange. I’m sure it will become clearer soon. Anybody know of anything like this before?
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top